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The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth

Coronavirus disease (COVID-19) is having an unprecedented and unpredictable impact on the world's economy. The pandemic has driven the world toward adapting to the current circumstances regardless of the business, sector, or industry. The coronavirus epidemic (COVID19) has affected the global e...

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Autores principales: Xiang, Shihui, Rasool, Saad, Hang, Yong, Javid, Kamran, Javed, Tasawar, Artene, Alin Emanuel
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8134531/
https://www.ncbi.nlm.nih.gov/pubmed/34025507
http://dx.doi.org/10.3389/fpsyg.2021.633597
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author Xiang, Shihui
Rasool, Saad
Hang, Yong
Javid, Kamran
Javed, Tasawar
Artene, Alin Emanuel
author_facet Xiang, Shihui
Rasool, Saad
Hang, Yong
Javid, Kamran
Javed, Tasawar
Artene, Alin Emanuel
author_sort Xiang, Shihui
collection PubMed
description Coronavirus disease (COVID-19) is having an unprecedented and unpredictable impact on the world's economy. The pandemic has driven the world toward adapting to the current circumstances regardless of the business, sector, or industry. The coronavirus epidemic (COVID19) has affected the global economy and service sector. The purpose of the current study is to assess the effect of COVID-19 on service sector growth and sustainability. Global sectors and industries are trying to anchor themselves amidst the pandemic. The study focuses on the sectors that are badly hit by the outbreak and discussed the strategies and responses different countries are taking to sustain their economies. This study concludes that the vital role of Information Technology and digitization supports the economies in their fight against the pandemic and helps them sustain themselves amid crises. This study also contributes to the body of literature by suggesting IT-based solutions for various industries to elevate effective responsiveness and avoid significant losses.
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spelling pubmed-81345312021-05-21 The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth Xiang, Shihui Rasool, Saad Hang, Yong Javid, Kamran Javed, Tasawar Artene, Alin Emanuel Front Psychol Psychology Coronavirus disease (COVID-19) is having an unprecedented and unpredictable impact on the world's economy. The pandemic has driven the world toward adapting to the current circumstances regardless of the business, sector, or industry. The coronavirus epidemic (COVID19) has affected the global economy and service sector. The purpose of the current study is to assess the effect of COVID-19 on service sector growth and sustainability. Global sectors and industries are trying to anchor themselves amidst the pandemic. The study focuses on the sectors that are badly hit by the outbreak and discussed the strategies and responses different countries are taking to sustain their economies. This study concludes that the vital role of Information Technology and digitization supports the economies in their fight against the pandemic and helps them sustain themselves amid crises. This study also contributes to the body of literature by suggesting IT-based solutions for various industries to elevate effective responsiveness and avoid significant losses. Frontiers Media S.A. 2021-05-06 /pmc/articles/PMC8134531/ /pubmed/34025507 http://dx.doi.org/10.3389/fpsyg.2021.633597 Text en Copyright © 2021 Xiang, Rasool, Hang, Javid, Javed and Artene. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Xiang, Shihui
Rasool, Saad
Hang, Yong
Javid, Kamran
Javed, Tasawar
Artene, Alin Emanuel
The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth
title The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth
title_full The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth
title_fullStr The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth
title_full_unstemmed The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth
title_short The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth
title_sort effect of covid-19 pandemic on service sector sustainability and growth
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8134531/
https://www.ncbi.nlm.nih.gov/pubmed/34025507
http://dx.doi.org/10.3389/fpsyg.2021.633597
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